Today’s Market Runner: What’s Propelling PFSweb, Inc. to Reach 1 Year Low?

Today's Market Runner: What's Propelling PFSweb, Inc. to Reach 1 Year Low?

The stock of PFSweb, Inc. (NASDAQ:PFSW) hit a new 52-week low and has $6.09 target or 13.00% below today’s $7.00 share price. The 6 months bearish chart indicates high risk for the $126.37 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $6.09 price target is reached, the company will be worth $16.43 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 37,397 shares traded hands. PFSweb, Inc. (NASDAQ:PFSW) has declined 45.97% since April 1, 2016 and is downtrending. It has underperformed by 47.18% the S&P500.

Analysts await PFSweb, Inc. (NASDAQ:PFSW) to report earnings on November, 14. They expect $-0.04 earnings per share, up 80.95% or $0.17 from last year’s $-0.21 per share. After $-0.03 actual earnings per share reported by PFSweb, Inc. for the previous quarter, Wall Street now forecasts 33.33% negative EPS growth.

PFSweb, Inc. (NASDAQ:PFSW) Ratings Coverage

Out of 4 analysts covering PFSweb (NASDAQ:PFSW), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. PFSweb has been the topic of 6 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, August 9 by Cowen & Co. The stock of PFSweb, Inc. (NASDAQ:PFSW) has “Buy” rating given on Friday, April 15 by Wunderlich. The stock of PFSweb, Inc. (NASDAQ:PFSW) earned “Buy” rating by Zacks on Tuesday, August 11. Canaccord Genuity maintained it with “Buy” rating and $18 target price in Tuesday, March 15 report. Canaccord Genuity initiated it with “Buy” rating and $16 target price in Thursday, January 21 report.

According to Zacks Investment Research, “PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients’ customer orders.”

Insitutional Activity: The institutional sentiment increased to 2.33 in 2016 Q2. Its up 1.01, from 1.32 in 2016Q1. The ratio is positive, as 8 funds sold all PFSweb, Inc. shares owned while 13 reduced positions. 22 funds bought stakes while 27 increased positions. They now own 13.21 million shares or 10.82% more from 11.92 million shares in 2016Q1.
Nationwide Fund Advsrs accumulated 8,135 shares or 0% of the stock. Acadian Asset Mngmt Lc holds 31,195 shares or 0% of its portfolio. Essex Inv Mngmt Commerce Lc has invested 0.13% of its portfolio in PFSweb, Inc. (NASDAQ:PFSW). Springbok Cap Ltd reported 400 shares or 0% of all its holdings. Credit Suisse Ag has 0% invested in the company for 20,445 shares. Manatuck Hill Partners Limited Liability Com, a Connecticut-based fund reported 21,276 shares. Gsa Prtn Ltd Liability Partnership holds 0.01% of its portfolio in PFSweb, Inc. (NASDAQ:PFSW) for 22,600 shares. Northpointe Limited Liability Corporation holds 0.02% of its portfolio in PFSweb, Inc. (NASDAQ:PFSW) for 21,936 shares. Brave Asset Incorporated last reported 64 shares in the company. Century Cap Mngmt Ltd Llc accumulated 450,321 shares or 0.47% of the stock. Retail Bank Of Montreal Can holds 0% or 30,234 shares in its portfolio. Savings Bank Of America Corp De owns 2,575 shares or 0% of their US portfolio. Teachers, a New York-based fund reported 21,158 shares. Blackrock Institutional Na last reported 407,730 shares in the company. California State Teachers Retirement Systems has invested 0% of its portfolio in PFSweb, Inc. (NASDAQ:PFSW).

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 3 selling transactions for $607,665 net activity. WILLOUGHBY MICHAEL C also sold $231,812 worth of PFSweb, Inc. (NASDAQ:PFSW) shares. BEATSON DAVID I sold $20,242 worth of stock or 2,000 shares. Stephan Steven also sold $355,611 worth of PFSweb, Inc. (NASDAQ:PFSW) on Wednesday, May 25.

PFSW Company Profile

PFSWEB, Inc., incorporated on June 28, 1999, is a global well-known provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting. The Firm operates through two divisions: PFSweb, and Business and Retail Connect. PFSweb is a global well-known provider of various infrastructure, technology and digital agency solutions and operates as a service fee business. In the Business and Retail Connect segment, subsidiaries of the Company purchase inventory from clients and resell the inventory to client customers. The Company’s solutions support direct-to-consumer (DTC), business-to-business (B2B) and retail sales channels.

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